Raymond Longoria Insurance Click to Call
Raymond Longoria Insurance

Home Automobile Homeowners Life Business Health

Kids and Dad Playing with KiteWhile insurance and financial professionals argue over the necessity of life insurance for children, there are distinct benefits to this type of policy. Many people think of life insurance as a form of income replacement (which obviously doesn't apply to children), but it has many more benefits for both parents and the insured children themselves.

First, let's take a look at what buying life insurance for children can do for parents:
  • No one wants to think about their children dying, but life insurance can lift the financial burden of funeral costs if it should happen.
  • Following the death of a child, many parents need to take time off from work and/or may need counseling. Life insurance can help them continue to pay necessary expenses.
  • Some parents wish to start a charity in the name of their deceased child. Life insurance can provide startup capital.
Now, let's look at what the same policy can do for the far more likely event that your children grow well into adulthood:
  • A renewable life insurance policy can guarantee your child's insurability as an adult (as well as lower premium costs), regardless of any health complications.
  • Life insurance protects your children from childhood into adulthood, long before they even recognize the value of the coverage.
  • If the policy you buy accumulates cash value over time, your child can use that money to help fund higher education or to buy a house.
  • Your child can borrow against a life insurance policy's cash value (tax-free) if in need of a loan, which can otherwise be tough to get without a credit history.
If you're still unsure about purchasing life insurance for your children, talk your independent agent and your family's financial advisor for more details.

We'll assess your needs and help you make the right decision. Call Raymond Longoria Insurance at (956) 581-1034 for more information on Laredo life insurance.
Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version

Footer Links Home Page About Us Carriers Home Page Quote News Contact Us

Raymond Longoria Insurance
2025 N Conway Ave
Mission, TX 78572
Phone: (956) 581-1034
Toll-Free: (888) 296-0345